AZ Mining Inc (TSE:AZ)‘s stock had its “speculative buy” rating reissued by stock analysts at TD Securities in a research note issued to investors on Friday. They currently have a C$3.75 price objective on the stock. TD Securities’ price target would indicate a potential upside of 41.51% from the company’s previous close.
Several other equities analysts also recently commented on the stock. National Bank Financial assumed coverage on shares of AZ Mining in a research note on Tuesday, June 21st. They issued an “outperform” rating and a C$2.70 price objective for the company. Scotiabank assumed coverage on shares of AZ Mining in a research note on Monday, July 4th. They issued an “outperform” rating and a C$2.25 price objective for the company. RBC Capital Markets increased their price objective on shares of AZ Mining from C$2.00 to C$3.00 in a research note on Monday, July 25th. Finally, Royal Bank Of Canada increased their price objective on shares of AZ Mining from C$2.00 to C$3.00 in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$3.34.
Shares of AZ Mining (TSE:AZ) traded down 1.89% during trading on Friday, reaching $2.60. 2,687,541 shares of the company were exchanged. The stock’s 50-day moving average is $2.21 and its 200-day moving average is $1.58. AZ Mining has a 52-week low of $0.25 and a 52-week high of $2.71. The firm’s market cap is $606.21 million.
In other AZ Mining news, insider Purni Parikh purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, July 6th. The stock was purchased at an average price of C$1.84 per share, with a total value of C$27,600.00.
About AZ Mining
Arizona Mining Inc, formerly AZ Mining Inc, is a Canada-based junior resource company. The Company is engaged in the acquisition, exploration and if warranted, development of natural mineral resource properties. It operates through mineral exploration and development segment. It is focused on the exploration and development of Hermosa Property.
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